UK living standards face drastic drop

'Full time workers across Britain have suffered a drastic drop of 28 % in their living standards over the last four years, due to “bankers' recession” and delayed economic recovery, study has revealed.

A study issued by GMB union, Britain's third largest union, showed that the Tory-led government's economic strategies have failed to secure the country's financial recovery, as the average fall for Britain is 5.9% and 6.2% for England when income rises were compared to inflation. Hammersmith and Fulham in London faced the highest figure of 28.6%, followed by Herefordshire with 22.7%, Bedfordshire with 20.7% and Nottingham with 20.5%...more